Forbes

ACORNS

-

FOUNDERS: Jeff Cruttenden, Walter Cruttenden; CEO: Noah Kerner

EQUITY RAISED: $257 mil

$50 mil ESTIMATED 2019 REVENUE:

LEAD INVESTORS: Bain Capital, e.ventures, Greycroft, NBCUnivers­al, PayPal, TPG Capital

For $1 a month, its app “rounds up” each debit- or credit-card purchase to the nearest dollar and automatica­lly invests it. Acorns, which has 7.7 million users and $2.3 billion in assets under management, also offers retirement and checking accounts for $2 and $3 a month, respective­ly.

 ??  ??

Newspapers in English

Newspapers from United States